HSG and Curious Partners to negotiate Sungdong M&A [Shipbuilding]
The preferred bidder for the sale of Sungdong Shipbuilding & Marine Engineering, in the fourth attempt to sell the shipyard, has been decided: a consortium of HSG Heavy Industries and Curious Partners Investments. If Sungdong Shipbuilding ...
2019-11-19 16:56:01
HHI appoints Kwon Oh-gap as new Group Chairman [People]
Hyundai Heavy Industries Group announced Tuesday a reshuffle of its highest-ranking executives with Vice-Chairman Kwon Oh-gap being promoted to Chairman. It is noteworthy that most management executives at its units remained in office thro...
2019-11-19 15:50:55
HHI appoints Kwon Oh-gap as new Group Chairman [General]
Hyundai Heavy Industries Group announced Tuesday a reshuffle of its highest-ranking executives with Vice-Chairman Kwon Oh-gap being promoted to Chairman. It is noteworthy that most management executives at its units remained in office thro...
2019-11-19 15:48:43
Saipem and Subsea 7 reportedly considering merger [Offshore]
A potential merger between UK’s Subsea 7 and Italy’s Saipem is catching eyes of the industry. According to recent reports by foreign media including Bloomberg, Saipem is looking to combine with Subsea 7 to size up and weather an indust...
2019-11-19 14:25:04
Shun Zheng signs contract for cable-laying newbuilding [Shipbuilding]
Zhoushan Shunzheng Shipyard has recently won a newbuilding order for a cable-laying vessel from a compatriot shipowner. Zhejiang Tongheng Offshore Engineering, major engineering contractor of China Submarine Cable Construction, ordered a new s...
2019-11-19 11:11:16
Aker chosen as inspection service provider by Equinor [Offshore]
Aker Solutions turns out to have recentlybeen chosen by Equinor as the main supplier for inspection services for more than 15 operating facilities in Norway. A frame agreement is expected to be signed shortly, covering an initial period of six ye...
2019-11-19 09:13:08
Wight nets hybrid crew transfer vessel [Shipbuilding]
It turned out that one of the UK’s leading aluminium vessel builders Wight Shipyard Co (WSC) has been contracted to build the world’s first hybrid surface effect crew transfer vessel, which will service the Borssele 1 and 2 offshore windfarms...
2019-11-19 09:09:07
Hung Hua orders Damen Fast Crew Supplier [Shipbuilding]
Hung Hua Construction of Taiwan has ordered a third Damen Fast Crew Supplier (FCS) to add to the two it ordered at the start of the year. This latest vessel will be a Damen FCS 2610. The contract was signed by the two parties at the start of Sept...
2019-11-19 09:05:42
Wartsila sets up expertise center in Singapore [Equipment]
The technology group Wärtsilä announced on November 14 that it has established its latest Expertise Centre (EC) in Singapore. Based within the company’s Acceleration Centre facilities, the EC provides various value-adding support functions, i...
2019-11-19 09:02:51
Saipem wins multiple offshore contracts [Offshore]
Saipem announced on November 14 that it has been awarded a subsea contract by ExxonMobil subsidiary Esso Exploration and Production Guyana Limited (“EEPGL”) for the proposed Payara development project located in the Stabroek block offshore Gu...
2019-11-19 08:58:50
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